Hospira Inc. Q4 net income climbs 61%

SteveGelsi

NEW YORK (MarketWatch) -- Hospira Inc.
HSP, +0.74%
on Thursday said fourth-quarter net income rose 61% to $76.1 million, or 47 cents a share, from $47.4 million, or 30 cents a share in the year-ago period. Adjusted net income rose to 63 cents a share from 43 cents a share. Revenue climbed 34% to $946.1 million as it absorbed its acquisition of Mayne Pharma. Analysts surveyed by Thomson Financial forecast earnings of 57 cents a share and revenue of $915.8 million, on average. The Lake Forest, Ill. pharmaceutical and medication delivery company said it expects adjusted 2008 earnings of $2.45 to $2.55 a share, compared to the Wall Street target of $2.47 a share.

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